Automated Guided Vehicle (AGV) Market Set to Exhibit Huge Expansion During 2020—2030

One of the major factors responsible for the increasing sales of automated guided vehicles is the flourishing e-commerce industry, especially in the developing nations such as India, Brazil, and China. For instance, the automated guided vehicles are extensively used in the Amazon Inc. warehouses (more than 200,000 globally) for delivering large stacks of products to the workers. These automated vehicles follow a fixed path around the warehouse and are equipped with various sensors and devices which allow them to detect the obstacles in their path and avoid collisions with them.

The other major factors fuelling the rising adoption of automated guided vehicles in warehouses are the increasing safety concerns in manufacturing plants, rising labor shortages, and ballooning need for reducing the operational costs and increasing productivity in the manufacturing facilities throughout the world. In addition to this, many enterprises are increasingly preferring the utilization of automated systems and machines in their factories and warehouses for increasing their manufacturing capacities, which is in turn, boosting the sales of the automated guided vehicles across the world.

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Geographically, the Asia-Pacific (APAC) region is predicted to observe the fastest growth in the utilization of automated guided vehicles during the forecast period. This is mainly credited to the thriving consumer electronics, automotive, and e-commerce industries in the region. In addition to this, the logistics industry is predicted to exhibit huge expansion in the APAC region in the coming years, which will in turn, propel the demand for automated guided vehicles in the region in the upcoming years.

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Therefore, it can be said without any hesitation that the sales of automated guided vehicles will shoot-up throughout the world in the forthcoming years, owing to the rising integration of automated technologies and systems in warehouse and manufacturing facilities, increasing need for reducing operational costs in production plants, ballooning labor shortages, and mushrooming demand for higher efficiency in manufacturing operations.

Some of the major players operating in the global automated guided vehicles market are Amerden Inc., SSI Schaefer Systems International DWC LLC, KUKA Group, Dematic Corporation, Toyota Industries Corporation, and Seegrid Corporation. These companies are increasingly focusing on product research and collaborations with other companies to enhance their product portfolio and increase their market share.

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The report also includes a country-wise market analysis. Some of the major countries covered in the report are the U.S., Canada, Germany, the U.K., France, Spain, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, the U.A.E., and South Africa.

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